Pakistani card processor TPS Worldwide hit by ransomware attack

TPS Worldwide, a prominent card processing company based in Karachi, Pakistan was kit by a ransomware attack. TPS Worldwide, founded in 1996, provides card processing, payment gateways, and various payment clearing solutions to banks, telecommunications firms, and financial institutions.

TPS claims to have effectively mitigated the impact, ensuring no financial loss and maintaining the integrity of client data.

The ransomware attack hit TPS’s network late in the night on 7th of July 2024. TPS activated their incident response protocols and managed to contain the attack, ensuring that no financial losses occurred.

An internal investigation, likely involving third-party forensic experts, is underway to determine the source and specifics of the breach.

No details are disclosed on possible data theft or individuals impacted.

1Link, a major payment processor dependent on TPS, released a statement clarifying that TPS does not host customer data. Consequently, no customer data was compromised in this incident. The breach was confined to TPS’s internal servers, and no connected customers via 1Link were affected.

TPS has advised all its partners to ensure that the latest security patches provided by TPS are applied. and to conduct thorough scans of their environments to detect any anomalies and bolster security measures.